Desirable and secured by a government power to tax


When payrolls and other liabilities are incurred and must be paid before substantial amounts of cash will be collected, what type of short-term note is desirable and secured by a government's power to tax?

A. Tax Anticipation Note Payable

B. Tax Budget Note Payable

C. Tax Relief Note Payable

D. Tax Encumbrances Note Payable

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Accounting Basics: Desirable and secured by a government power to tax
Reference No:- TGS056295

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